AAPL stock is up more than 4% in pre-market trading after the company yesterday announced its Q3 results, despite iPhone revenue falling in both cash and percentage terms.

Earnings for fiscal Q3 (calendar Q2) were slightly higher than expected, at $53.8B. This was a little above the midpoint of Apple’s own guidance of $53.5B, and above analyst expectations of $53.39B. However, that wasn’t the only reason for the market reaction …

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The post AAPL up 4% in pre-market trading despite iPhone revenue falling below 50% mark appeared first on 9to5Mac.

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Ben Lovejoy

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